Suppose that now the market is monopolized (e.g., a cartel is formed that determines the price and output as a monopolist would and allocates production equally to each member). Draw a figure... More > showing the monopolist's equilibrium output and price.< Less

Typically, firms that supply intermediate goods such as steel rods or other inputs let demand not price determine the level of output in the short run. To understand this idea, consider an automobile... More > firm that buys material from a steelmaker on a regular basis. Because the auto firm and the steel producer have been in business with one another for a long time and have an ongoing relationship, they have negotiated a contract that keeps steel prices fixed in the short run.< Less

Guide to the Edinburgh goldsmiths and apprentices. This volume includes details of their maker's marks, training, output, and demographics. The book is a must for those interested in British... More > silver. It is also important for other silver collectors and researchers since many Edinburgh trained craftsmen immigrated elsewhere.< Less

Guide to the Edinburgh goldsmiths and apprentices. This volume includes details of their maker's marks, training, output, and demographics. The book is a must for those interested in British... More > silver. It is also important for other silver collectors and researchers since many Edinburgh trained craftsmen immigrated elsewhere.< Less

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